What have you always wondered about the economy? Tell Us
Final Note

Apple’s iPhone 5 sales could boost U.S. GDP

Kai Ryssdal Sep 10, 2012
HTML EMBED:
COPY
Final Note

Apple’s iPhone 5 sales could boost U.S. GDP

Kai Ryssdal Sep 10, 2012
HTML EMBED:
COPY

This final note on the way out, from the Marketplace Desk of ‘Oh, come on: Can we stop with all this iPhone 5 stuff already?’

There’s a research note out from JP Morgan Chase today about said phone. It figures the thing — which as we all know will be released Wednesday — could add between a quarter and a half a percentage point to fourth-quarter GDP. That’s not nothin’, given that GDP’s probably gonna be around 2 percent or so.

The math goes like this: 8 millon phones, it’s guessing, at $600-a-whack retail. Factor out cost of goods sold, make some adjustment for international trade, and there you go.

Salt. Grain of. Take one.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.